I lived in K'Town from 71-76 and thoroughly enjoyed myself, lots of good food and beer.Keep us posted on your college courses.all cashformerly of the 2nd Mobile Communications Group (2MOB) USAF

The above highlights what will stop many deals when the end buyer is using a conventional lender.

The tenant spends the rent on a pitbull and you're going to evict them - YOU'RE A SLUMLORD.The tenant is involved in a drug bust and you're going to evict them - YOU'RE A SLUMLORD.The tenant is a pig with dirty dishes and uneaten food everywhere.

Most are backwards looking while I was mostly thinking of a pro forma to highlight proposed deals.Is the above clear?

It should not be highlighted.

They are taking food right off your plate.

Food for thought: The credit crunch means that fewer people now qualify for mortgages.

My situation is essentially I've had to liquidate much of my $ to assist a family member out of a major bind with their health (bless the medical system <rolls>) and that has put me into debt in a big way and my income barely covers my base expenses (not counting other necessities...gas... food.. etc).

I have the book right next to me and have been meaning to read back through all the highlighted pages...

I have a few rental units at the moment but hopefully my next project will be a rehab and sell deal followed by more rehabs and more rentals.My plan is to have maybe 6 months to 1 years worth of living expenses like mortgage, food, gas ect., that's going to be hard but if things work out well enough to do it full time then it should be possible.